GameStop 2008 Annual Report Download - page 105

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GAMESTOP CORP.
CONSOLIDATING STATEMENT OF OPERATIONS
For the 53 Weeks Ended February 3, 2007
Issuers and
Guarantor
Subsidiaries
February 3,
2007
Non-Guarantor
Subsidiaries
February 3,
2007 Eliminations
Consolidated
February 3,
2007
(Amounts in thousands)
Sales ................................... $4,269,484 $1,049,416 $ — $5,318,900
Cost of sales ............................. 3,063,450 784,008 — 3,847,458
Gross profit ............................ 1,206,034 265,408 — 1,471,442
Selling, general and administrative expenses ...... 828,578 192,535 — 1,021,113
Depreciation and amortization ................ 85,251 24,611 — 109,862
Merger-related expenses ..................... 6,788 — — 6,788
Operating earnings ....................... 285,417 48,262 — 333,679
Interest income ........................... (16,796) (10,875) 16,333 (11,338)
Interest expense ........................... 84,340 16,655 (16,333) 84,662
Debt extinguishment expense . ................ 6,059 — — 6,059
Earnings before income tax expense .......... 211,814 42,482 — 254,296
Income tax expense ........................ 78,654 17,392 — 96,046
Net earnings............................ $ 133,160 $ 25,090 $ — $ 158,250
F-38
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)